DistressedInvesting

Conference

January 21-23, 2009BellagioLas Vegas, Nevada

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e It is our pleasure to invite you to attend the third an-nual Distressed Investing Conference, co-produced by the Turnaround Management Association (TMA) and The Deal. The continued partnership of these two organizations illustrates the vital link between corporate restructuring professionals and corporate and financial dealmakers.

More than 550 professionals attended last year’s conference to exchange ideas and hear the latest trends on distressed investing from industry experts. With anticipated record attendance, this year’s conference will be the premier venue for key players in the distressed investing arena to meet, exchange ideas and embark on profitable relationships.

The quality of the educational program outlined on pages 4 and 5 is a testament to TMA’s and The Deal’s commitment to pro-vide timely education that best prepares you for what lies ahead in 2009. Our panels will explore and analyze credit default swaps; the impact of the credit crunch on debt and equity exit financings; and hot topics in the distressed arena, as well as pro-viding topical case study sessions in response to your feedback.

The conference opens on Thursday morning with a keynote pre-sentation by Harvey Pitt, former chair of the U.S. Securities and Exchange Commission. The recent, unprecedented shake-up in the U.S. economy is sure to have repercussions, domestically and globally, into 2009 and beyond. Reflecting his experience as a regulator, crisis manager, risk assessor and attorney, Pitt will of-fer pragmatic insights on the issues facing global business in this ever-changing economic environment.

Friday morning’s keynote roundtable brings together accom-plished investors to discuss their views of the market and how they approach distressed opportunities. Moderated by David Resnick of Rothschild, the panel is comprised of Kevin Genda of Cerberus; Mike Heisley of Heico; Marc Leder of Sun Capi-tal; and David Shapiro of KPS Capital Partners.

The conference would not be possible without the generous support of our sponsors, who are listed on page 9. Sponsorships are still available, and we encourage you to consider this oppor-tunity to showcase your firm to a diverse audience of industry professionals.

We also encourage you to take advantage of the many opportu-nities to network throughout the conference at meals, receptions and coffee breaks, as well as in the exhibit hall. And, don’t forget to take time to enjoy the Bellagio and all that it offers in dining, entertainment and leisure activities.

Please make plans to join your colleagues at the Distressed Investing Conference. You may register today using the form on page 11, or register online at www.turnaround.org.

We look forward to seeing you in Las Vegas.

Jeffrey Fitts Andrew B. Miller Managing Director Senior Managing DirectorAlvarez & Marsal Houlihan Lokey2009 Conference Co-chair 2009 Conference Co-chair

About TMATurnaround Management Association (TMA) is the premier professional com-munity dedicated to corporate renewal and turnaround management. In 2008, TMA celebrated 20 years of the associa-tion and the turnaround management, restructuring and distressed investing industry. With international headquar-ters in Chicago, more than 8,500 TMA members in 43 worldwide chapters comprise a professional community of turnaround and corporate renewal professionals who share a common interest in strengthening the economy through the restoration of corporate value. Members include turnaround practitioners, attorneys, accountants, investors, lenders, venture capital-ists, appraisers, liquidators, executive recruiters and consultants, as well as academic, government and judicial employees. TMA members adhere to a code of ethics specifying high stan-dards of professionalism, integrity and competence. The Certified Turnaround Professional (CTP) accreditation pro-gram recognizes professional excel-lence and provides an objective mea-sure of expertise related to workouts, restructurings and corporate renewal.

About The DealThe Deal, LLC, is a diversified media company reporting on the deal econo-my. It strives to report, analyze and dis-seminate business and financial news that offers fresh insights on the deal economy, a set of interrelated activities focused on dealmaking of all kinds, whose purpose is to generate corpo-rate growth in a continually changing global market. Its products serve the global deal community —corporate and financial dealmakers, advisers and institutional investors—with a com-prehensive line of print, electronic and conference products and services for both readers and advertisers.

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AgendaWednesday, January 211:00 p.m. – 4:00 p.m. TMA Chapter Presidents orientation meeting5:00 p.m. – 6:00 p.m. TMA Executive Committee meeting5:00 p.m. – 10:00 p.m. Registration Desk open7:00 p.m. – 8:30 p.m. Speakers dinner with TMA/The Deal leadership Speakers dinner and welcoming reception sponsored by

AlixPartners, LLP 9:00 p.m. – 10:00 p.m. Welcoming dessert/cocktail reception Speakers dinner and welcoming reception sponsored by

AlixPartners, LLP

Thursday, January 227:30 a.m. – 9:30 a.m. TMA Board of Directors meeting8:00 a.m. – 7:30 p.m. Registration Desk open9:00 a.m. – 12:00 p.m. Advanced Case Study Session: “American Color Graphics

and Vertis: The First Dual Prepack Merger”*12:00 p.m. – 1:00 p.m. Buffet lunch1:00 p.m. – 2:00 p.m. Opening Keynote Session with Harvey L. Pitt,

SEC Chairman (2001-2003) Lunch and keynote presentation sponsored by IntraLinks, Inc.1:00 p.m. – 5:00 p.m. TMA Chapter Administrators orientation meeting2:00 p.m. – 6:00 p.m. Exhibit Hall open2:00 p.m. – 2:30 p.m. Coffee break in Exhibit Hall Sponsored by Loeb & Loeb LLP2:30 p.m. – 3:20 p.m. “ Radnor Case Study”3:20 p.m. – 3:50 p.m. Coffee break in Exhibit Hall Sponsored by Loeb & Loeb LLP3:50 p.m. – 4:40 p.m. “ Credit Default Swaps: Roulette or Risk Management?” 4:55 p.m. – 5:45 p.m. “ Busted Distressed Financings: The Impact of the Credit

Crunch on Debt and Equity Exit Financings”6:15 p.m. – 7:30 p.m. Cocktail reception Sponsored by KPS Capital Partners, LP

Friday, January 237:30 a.m. – 1:00 p.m. Registration Desk open8:00 a.m. – 8:45 a.m. Plated breakfast 9:00 a.m. – 10:15 a.m. Keynote Roundtable: “Distressed Investment Fund

Founders: Leaders in the Distressed Investing Arena”9:30 a.m. – 12:00 p.m. Exhibit Hall open10:15 a.m. – 10:45 a.m. Coffee break in Exhibit Hall10:45 a.m. – 11:35 a.m. “ Crisis in Consumer Confidence: Where Will the

Opportunities Be?” 11:50 a.m. – 12:40 p.m. “Funding the Process: Trends in DIP Financing”12:45 p.m. – 1:30 p.m. Closing lunch

*Additional fee required.

Please note that private company events may not conflict with any scheduled activity of the TMA/The Deal 2009 Distressed Investing Conference.

Who Should AttendThe 2009 Distressed

Investing Conference is a

must for all professionals

interested in distressed

investing, including:

+ Hedge fund managers

+ Private equity groups

+ CLO managers

+ Distressed debt purchasers

+ Investment bankers

+ Bank loan sale professionals

+ Senior lenders

+ Workout lenders

+ Second lien lenders

+ Restructuring professionals

+ Attorneys

+ High yield investors

Ag

end

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Gregory FrenzelCitibankShawn A. HasselAlvarez & MarsalChristopher N. JacobsWestern Asset Management Company

Thank youto the 2009 Distressed Investing Conference Committee

Patrick C. LagrangeCarl Marks Advisory Group LLCTimothy R. PohlSkadden, Arps, Slate, Meagher & Flom LLPCathy L. ReeceFennemore Craig, P.C.

Co-chairs: Jeffrey P. FittsAlvarez & Marsal

Committee:

Andrew B. MillerHoulihan Lokey

David L. ResnickRothschild Inc. Rebecca A. Roof AlixPartners, LLPMark K. Thomas Winston & Strawn LLPJames Trefry UBS Investment Bank

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Thursday, January 22, 1:00 p.m. – 2:00 p.m.Harvey L. Pitt, SEC Chairman (2001-2003)

Harvey L. Pitt is the chief executive officer of the global business consulting firm, Kalorama Partners, LLC. Prior to founding Kalorama Partners, Pitt was appointed by President George W. Bush to serve as the twenty-sixth chairman of the United States Securities and Exchange Commission (SEC). In that role from 2001 until 2003, Pitt was responsible, among other things, for overseeing the SEC’s response to the market disrup-tions resulting from the terrorist attacks of 9/11, for creating the SEC’s “real time enforce-ment” program and for leading the Commission’s adoption of dozens of rules in response to the corporate and accounting crises generated by the excesses of the 1990s. Pitt had previously served with the SEC in various roles, including as general counsel. Prior to

his work with the SEC, Pitt was a senior corporate partner in the international law firm of Fried, Frank, Harris, Shriver & Jacobson. He also was a founding trustee and the first president of the SEC Historical Society and participated in a wide variety of bar and continuing legal education activities to further public consideration of significant corporate and securities law issues.

Friday, January 23, 9:00 a.m. – 10:15 a.m.Keynote Roundtable “Distressed Investment Fund Founders: Leaders in the Distressed Investing Arena”

Moderator: David L. Resnick, Rothschild Inc.Panel: Kevin P. Genda, Cerberus Capital Management LP/Ableco Finance LLC; Michael E. Heisley, The Heico Companies, LLC; Marc J. Leder, Sun Capital Partners, Inc.; and David Shapiro, KPS Capital Partners, LP

This panel of accomplished investors will discuss how they view the market and how they approach distressed opportunities. The panel represents a cross-section of investors pursuing a variety of successful strategies of investing in distressed, underperforming and transitional enterprises. Each of the panelists has played an integral role in building their investment fund. This is a rare opportunity to gain insight from some of the biggest names in the business and benefit from their collective experiences. These individuals have truly shaped the private equity/hedge fund/alternative investment approach to distressed investing over the last several cycles. Come hear how they’ve built their funds and where they intend to focus during the next cycle.

Advanced Case Study SessionThursday, January 22, 9:00 a.m. – 12:00 p.m.$100/person (Price includes continental breakfast and a coffee break.)

“American Color Graphics and Vertis: The First Dual Prepack Merger”

Presenters: Daniel Aronson, Lazard; Paul N. Basta, Kirkland & Ellis LLP; Ira S. Dizengoff, Akin, Gump, Strauss, Hauer & Feld LLP; Gary T. Holtzer, Weil, Gotshal & Manges LLP; Edward R. Morrison, Columbia Law School; Laura B. Resnikoff, Columbia Business School; Mark Shapiro, Barclays Capital

Keynote SessionsEd

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Their synergies obvious for years, American Color Graphics and Vertis considered a merger in 2007 but were unable to consummate the transaction. The firms were laden with too much debt. As merger negotiations dragged on, the parties conceived a remarkably simple, yet novel, solution to their operational and financial problems: a merger in bankruptcy. The firms entered bankruptcy indepen-dently but jointly proposed a plan of reorganization that simultaneously restructured their debts and merged the entities. The plan was confirmed in

August 2008, after weeks of anxiety created by tur-moil in the credit markets. Our session will explore the unusual legal, financial, and operational issues at play in this bankruptcy-merger. During the first half of the session, Professors Morrison and Resnikoff will identify the issues. During the second half, a panel of experts—each with a direct connection to the remarkable transaction—will engage the audience to discuss what it implies for companies, boards of directors, investors, creditors, and service professionals going forward.

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Thursday, January 22, 2:30 p.m. – 3:20 p.m.“Radnor Case Study”

Moderator: Timothy R. Pohl, Skadden, Arps, Slate, Meagher & Flom LLPPanel: Jose E. Feliciano, Clearlake Capital Group; David Kurtz, Lazard Freres; Nancy A. Mitchell, Greenberg Traurig LLP; Stanford Springel, Alvarez & Marsal

This session will explore a variety of current topics in the context of how they were handled in the Radnor case, including: • DIP financing tied to secured creditor credit bids• 363 sales and administrative insolvency• Unsecured creditor committee issues in a cashless case• Handling causes of action without derailing a sale• Options a debtor has when value is less than secured debt

Thursday, January 22, 4:55 p.m. – 5:45 p.m.“ Busted Distressed Financings: The Impact of the Credit

Crunch on Debt and Equity Exit Financings”

Moderator: Mark K. Thomas, Winston & Strawn LLPPanel: Michael C. Buenzow, CTP, FTI Consulting, Inc.; Thomas R. Califano, DLA Piper US LLP; William Q. Derrough, Moelis & Company; Matthew R. Niemann, CTP, Houlihan Lokey; Jonathan Rosenthal, Saybrook Capital, LLC; A. Jeffrey Zappone, CTP, Conway MacKenzie & Dunleavy

Are the credit markets or just cold feet driving away debt and equity exit financing? Are exit financing “commitments” worth the paper they are written on? Are liquidated dam-age/termination provisions an incentive to break commit-ments? This panel will examine some of the most noteworthy examples of busted exit financing deals, the litigation that ensued from those deals and lessons to be learned by both investors and borrowers.

General Sessions

Friday, January 23, 10:45 a.m. – 11:35 a.m.“ Crisis in Consumer Confidence:

Where Will the Opportunities Be?”

Moderator: Rebecca A. Roof, AlixPartners, LLPPanel: Saul E. Burian, Houlihan Lokey; Michael B. Cox, The Seabury Group; Michael J. Genereux, The Blackstone Group; Ronald F. Greenspan, FTI Consulting, Inc.; Edward S. Weisfelner, Brown Rudnick LLP

From high fuel prices and record-level consumer debt levels to the collapse of homebuilders and retailers, the U.S. economy continues to struggle. Consumer confidence re-mains low, and many market sectors have been dramatically impacted. This panel will examine some of the industries hardest hit and discuss where distressed investing opportuni-ties may occur.

Thursday, January 22, 3:50 p.m. – 4:40 p.m.“Credit Default Swaps: Roulette or Risk Management?”

Panel: William R. Baldiga, Brown Rudnick; Michael Cannon, UBS Investment Bank; Jeffrey P. Fitts, Alvarez & Marsal

Until 2008, the credit default market had been largely un-tested, benefiting from low global default rates. Now, with default rates set to spike, institutions that sold these instru-ments are collapsing. What if the bank that sold protection fails? Are investors spending billions of dollars on worthless insurance? This panel will highlight the benefits of credit default swaps as a risk management tool and examine the associated risks, including market, systemic, counterparty and firm risk.

Friday, January 23, 2009, 11:50 a.m. – 12:40 p.m.“Funding the Process: Trends in DIP Financing”

Moderator: Michael Fixler, CM&D Capital Advisors LLC

• Is the DIP market really dead?• Trends in pricing, terms and duration of DIP loans• Priming DIPs—will there be any?• Sources of DIP lending—who will it be, banks or funds?• Will incumbent lenders be left with no choice but to pro-

vide DIP financing?

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Gen

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Unless otherwise indicated, registration fees include edu-cational sessions, meals and social functions. Events are not prorated. To attend any portion of the conference, you must register for the entire conference at the appro-priate registration fee as indicated on the registration form on page 11. The registration fee allows admission for one individual only. Registrations may not be shared. Each registered attendee will receive a name badge at the conference that must be worn for admittance into all educational sessions, meals and social functions.

Registration Categories

All corresponding fees may be found on the registration form on page 11.• The member registration fee is for current, active TMA

members only. Please note that TMA membership is on an individual basis. Unless otherwise appropriate as defined below, all other attendees will be charged the nonmember fee. If an individual registers for the mem-ber fee, but TMA has no membership record, the indi-vidual will be charged the nonmember fee unless s/he can produce proof of membership.

• The full-time academic/government employee rate de-fines a full-time academic as a student enrolled in at least 12 credit hours per term at an accredited university or an instructor employed on a full-time basis by an accredited university. Please submit appropriate documentation with your registration form.

• Registration received after January 12, 2009, will be subject to an additional $50 fee, per the policy indi-cated below.

Submitting Your Registration

Registration forms must be mailed or faxed to TMA. Please see the registration form on page 11 for contact information. You may also register online at www.turnaround.org. Phone registration is not accepted. Registrations are not considered complete until payment is received.

Registered attendees will receive confirmation of their registration by email. For those individuals who register online, this is an additional notice to that which you automatically receive when the online registration is processed. This notice contains important details about the conference. Please carefully review the notice for ac-curacy and retain a copy for your records. Changes must be submitted in writing by fax to 1-312-578-8336 or e-mail to Angela Worlds at aworlds@turnaround.org.

Pre-registration Deadline

Only on-site registration will be accepted after Monday, January 12, 2009. TMA will not accept any registration forms in advance of the conference after this date. Please note that there is a $50 registration surcharge for all registrations received after January 12, 2009.

Registration List

To ensure your inclusion on the registration list that is distributed on-site, your registration form, with payment, must be received at TMA’s International Headquarters by 5:00 p.m. CST on Friday, January 9, 2009. TMA cannot guarantee that individuals who submit registration forms after this date will be included on the registration list.

Registration Questions

Registration questions may be directed to Angela Worlds at 1-312-242-6035 or aworlds@turnaround.org.

Cancellation and Substitution Policies

Cancellation PolicyNotification of cancellation must be submitted in writing (e-mail is acceptable). Cancellations will not be reviewed or processed until they are received in writing. Phone cancellation is not accepted. Cancellations received on or before Wednesday, January 7, 2009, will be processed as follows: • Entire Conference Cancellation: Attendee will receive a

refund for the total cost of the conference (including the Advanced Case Study Session, if applicable) less a $150 processing fee.

• Advanced Case Study Session: Attendee will receive a refund for the total cost of the session less a $25 process-ing fee.

Refunds will be issued following the convention, no later than February 13, 2009.Cancellations received after Wednesday, January 7, 2009, will not be refunded. This includes the full confer-ence registration and/or any portion of the registration. Please note that if you register for the conference after the cancellation deadline has passed, you will not be eligible for any type of refund should you need to cancel your reg-istration. The cancellation policy applies to all registrants regardless of when the registration form is submitted. TMA does not issue credits for future conferences.

Substitution PolicySubstitutions are permitted at any time for the full conference and/or the Advanced Case Study Session. Substitutions must be submitted in writing (e-mail is acceptable). Substitutions will not be reviewed or pro-cessed until they are received in writing. Phone substitu-tion is not accepted. The substitute must be from the same firm as the original registrant, and the substitution notice should contain accurate contact information for the new registrant; otherwise, TMA cannot guarantee an accurate listing on the registration list. Please note that substitutions made after Friday, January 9, 2009, may not be reflected on the registration list per the policy on this page. Substitutions must be of the same membership status/category (i.e., academic, member); otherwise, the substitute will be invoiced for the difference in registra-tion fees. Registrants who fail to attend the conference and do not notify TMA in accordance with these policies and deadlines are responsible for full payment.

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Hotel

To reserve a room at the Bellagio, please call 888-987-8686 or 702-693-8117. Reservation requests may also be faxed to 702-693-8547. Mention TMA to receive the spe-cially negotiated room rate of $239/night, single or double occupancy. This rate is only available through Friday, December 19, 2008. TMA cannot guarantee that the room block or hotel will not sell out before then. Please make your reser-vation soon. The Bellagio is located at 3600 Las Vegas Boulevard South, Las Vegas, Nevada 89109.

TMA requires that a conference registration form (including payment) be received within ten business days of making a hotel reservation. TMA reserves the right to terminate the hotel reservation of any individual who does not comply with this policy.

Attire

Recommended attire for educational sessions and social functions is busi-ness casual.

Questions?

Executive DirectorLinda Delgadillo, CAE1-312-578-6900 or ldelgadillo@turnaround.org Registration, Substitution, CancellationAngela Worlds1-312-242-6035 or aworlds@turnaround.org

Overall Conference, Speakers, Educational ProgramLaura Ivaldi1-312-242-6030 or livaldi@turnaround.org

Sponsorship, Exhibitors, Cornerstone EndowmentJoseph Karel1-312-242-6039 or jkarel@turnaround.org

PressCecilia Green, APR, CAE1-312-242-6031 or cgreen@turnaround.org

MembershipMary Carravallah1-312-242-6037 or mcarravallah@turnaround.org

Abacus Advisors Group LLC

AccuVal Associates, Inc.

American Management Advisors Inc.

Anderson Bauman Tourtellot Vos

Andrew M. Toft, Attorney at Law

ARG Recovery, LLC

Atlas Partners, LLC

Bank of America Business Capital

Bankers Advocate Group

BBK

Beane Associates, Inc.

Bederson & Co., LLP

Bond, Schoeneck & King, PLLC

Buccino & Associates, Inc.

Cadwalader, Wickersham & Taft LLP

Cairncross & Hempelmann, P.S.

CapitalSource

Cedar Croft Consulting Ltd.

Continental Advisory Services, LLC

Conway MacKenzie & Dunleavy

Cooley Godward Kronish LLP

CRG Partners

The Daley-Hodkin Group

Deloitte Financial Advisory Services LLP

DLA Piper US LLP

DrinkerBiddleGardnerCarton

Executive Sounding Board Associates Inc.

Fennemore Craig, P.C.

First American Corp. - UCC Division

Focus Management Group

Forman Holt Eliades & Ravin LLC

FTI Consulting, Inc.

Getzler Henrich & Associates LLC

Gordon Brothers Group, LLC

Grant Thornton LLP

Harney Partners LLC

Health Capital Investors, Inc.

Huron Consulting Group

Jager Smith P.C.

JPMorgan Chase & Co.

KPS Special Situations Funds

Kugman Associates

Lake Pointe Partners, LLC

The Meridian Group

Meriturn Partners, LLC

Mesirow Financial Consulting, LLC

Midwest Business Capital

MorrisAnderson

NachmanHaysBrownstein, Inc.

Northern Healthcare Capital, LLC

Paul Hastings Janofsky & Walker LLP

Penn Hudson Financial Group LLC

Phelps Consulting Group

Prime Locations LLC

Quarles & Brady LLP

Quest Turnaround Advisors, LLC

RAS Management Advisors, Inc.

RCS Real Estate Advisors

Republic Financial Corporation

Rhone Group Advisors

Riemer & Braunstein LLP

RJ Reuter Business Consulting

Rochelle, Hutcheson & McCullough, LLP

Ruskin Moscou Faltischek, P.C.

San Filippo & Associates, LLC

SB Capital Group, LLC

The Scotland Group, Inc.

Sullivan & Worcester LLP

Treadstone Partners, LLC

Trimingham Inc.

Tucker Arensberg, P.C.

Wachovia Capital Finance

White Oak Group

Windham Professionals, Inc.

Winston & Strawn LLP

Wiss & Company, LLP

XRoads Solutions Group

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Taxicab Service

Taxicab service is available on the lower level curb front of all terminals. The fare is approximately $25, depending on traffic (flat rates are not available). The ride time is approximately 20 minutes, depend-ing on traffic.

Driving From LAS

Exit the airport on Swenson Avenue. Turn left onto Tropicana Avenue and travel approximately 1.5 miles to South Las Vegas Boulevard. Turn slightly right onto South Las Vegas Boulevard. Turn left onto Bellagio Drive. The Bellagio is located at 3600 S. Las Vegas Boulevard.

Parking at the Bellagio

Both valet and self parking is complimentary at the Bellagio.

Shuttle and Private Car Service

Executive Coach and Carriage provides shuttle service between the airport and several area hotels, including the Bellagio. For rates and full details, please contact Executive Coach and Carriage at 1-702-367-7774. Bellagio Concierge Services pro-vides private car service between the airport and the resort. For rates and full details, please contact Bellagio Concierge Services at 1-702-693-7075.

Car Rental

If you plan to rent a car, please note that TMA members may receive as much as ten percent off regular car rental rates from Avis. For more in-formation, call Avis at 1-800-331-1212. Individuals calling from outside the United States may find the appropriate phone number for the country from which they are calling by visiting www.avis.com and selecting Customer Service/Worldwide Phone Numbers. Mention identification number V368995 to the telephone agent to take advantage of this TMA member discount.

The Bellagio is located approximately three miles from McCarran International Airport (LAS).

Educational sessions at the 2009 Distressed Investing Conference provide an overview of topics relevant to the practice of corporate renewal and corporate and financial dealmaking. There is no prerequisite or advance study necessary to attend the 2009 Distressed Investing Conference or to qualify for continuing education credit. The 2009 Distressed Investing Conference is a “group-live” educational offering. For information regarding ad-ministrative policies such as complaints or refunds, please contact TMA at 312-578-6900.

Continuing Education CreditConference Program: CPAs*–maximum of 6.5 hours of CPE CTPs–maximum of 6.5 hours of CPECLE**–maximum of 5.4 hours (based on a 60-minute hour) or 6.5 (based on a 50-minute hour)

Advanced Case Study Session: CPAs*–maximum of 3.5 hours of CPE CTPs–maximum of 3.5 hours of CPECLE**–maximum of 3.0 hours (based on a 60-minute hour) or 3.6 hours (based on a 50-minute hour)

* The Turnaround Management Association is registered with the National Association of State Boards of Accountancy as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be addressed to The National Registry of CPE Sponsors, 150 Fourth Avenue North, Ste. 700, Nashville, TN 37219-2417 or by visiting the website: www.nasba.org.

** Final number of CLE hours available pending applications to individuals state bars and individual state bar’s calculation of credit. Visit www.turnaround.org for updates.

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Exhibit HallExhibitors at the 2009 Distressed Investing Conference provide critical services to the distressed investing marketplace. Don’t miss this opportunity to learn how these capital and service providers will benefit your business. If you are interested in purchasing an exhibit space, please contact Joe Karel at TMA at 1-312-242-6039 or jkarel@turnaround.org or Allan Cunningham at The Deal at 1-212-313-9162 or acunningham@thedeal.com.

Cyber CaféStay connected while away from the office. TMA and The Deal are pleased to offer a Cyber Café at the Distressed Investing Conference. The Cyber Café allows you to con-nect to the Internet, check e-mail, or update and print documents on one of many computer workstations.

Additional Conference SponsorsEvent sponsors provide financial support for the Distressed Invest-ing Conference. In addition to those sponsors listed in the agenda, the following sponsors have also generously provided support for the Distressed Investing Conference.

Getzler Henrich & Associates LLC (Conference Bags)

Mesirow Financial Consulting, LLC (Lanyards)

Skadden, Arps, Slate, Meagher & Flom LLP (Pocket Agenda)

Gold Sponsor

Event Sponsors

Display Table Sponsors

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Cornerstone Capital DonorsBank of America Business Capital

Gordon Brothers Group, LLC

Huron Consulting Group

Cornerstone DonorsCIT

Leadership DonorsAbacus Advisors Group LLC

BBK

De loitte Financial Advisory Services LLP

DrinkerBiddleGardnerCarton

Realization Services, Inc.

Sk adden, Arps, Slate, Meagher & Flom LLP

Sustaining DonorsAnderson Bauman Tourtellot Vos

Bank of America Commercial Finance

Buccino & Associates, Inc.

Cooley Godward Kronish LLP

DoveBid Valuation Services

Ex ecutive Sounding Board Associates Inc.

Mesirow Financial Consulting, LLC

MorrisAnderson

NachmanHaysBrownstein, Inc.

Prime Locations LLC

The Scotland Group, Inc.

Wachovia Capital Finance

Wells Fargo Business Credit, Inc.

Benefactor DonorsAEG Partners, LLC

AlixPartners, LLP

Atlas Partners, LLC

Cadwalader, Wickersham & Taft LLP

Corporate Renewal Services, Inc.

Forman Holt Eliades & Ravin LLC

FTI Consulting, Inc.

JPMorgan Chase & Co.

Lake Pointe Partners, LLC

Quarles & Brady LLP

RAS Management Advisors Inc.

Riemer & Braunstein LLP

Trimingham, Inc.

Wells Fargo Foothill

White Oak Group

XRoads Solutions Group

Patron DonorsAtwell, Curtis & Brooks, Ltd./

University Management

Associates & Consultants Corp.

Aurora Management Partners Inc.

Bear Stearns & Co.

The Belet Group, Inc./

Belet Acquisitions, Inc.

Blank Rome LLP

Carl Marks Advisory Group LLC

Conway MacKenzie & Dunleavy

FINOVA Capital Corporation

Getzler Henrich & Associates LLC

Horizon Management Inc.

Kugman Associates

The Nassi Group, LLC

Na tCity Investments Special Situations Group

Philip + Company, Inc.

RCS Real Estate Advisors

San Filippo & Associates

Schulte Roth & Zabel LLP

Wells Fargo Bank, N.A.

Wells Fargo Retail Finance

Supporter DonorsAccuVal Associates, Inc.

Allomet Partners, Ltd.

American Management Advisors, Inc.

Andrew M. Toft, Attorney at Law

ARG Recovery, LLC

Bankers Advocate Group

Beane Associates, Inc.

Bederson & Co. LLP

Bond, Schoeneck & King PLLC

Cairncross & Hempelmann, P.S.

Caledonia Group Inc.

Capital Restoration, LLC

CapitalSource

Continental Advisory Services, LLC

CRG Partners

The Daley-Hodkin Group

Dickinson Wright PLLC

DLA Piper US LLP

EMCC, Inc.

Emerald Technology Valuations, LLC

Fennemore Craig, P.C.

The Finley Group

First American Corp. - UCC Division

Focus Management Group

Fort Dearborn Partners, Inc.

Gibson, Dunn & Crutcher LLP

Giuliani Capital Advisors LLC

Grant Thornton LLP

Great American Group

Harney Partners LLC

Harvard Turnaround Management

Health Capital Investors, Inc.

The Hilco Organization

Hill & Gertner Capital Corporation

Houlihan Lokey Howard and Zukin

HSG Services Inc.

Jager Smith P.C.

Joe Foster Real Estate Advisors

KBK Financial, Inc.

KPS Special Situations Funds

Lain Faulkner & Co.

LBC Credit Partners, Inc.

McShane Group

Mehmco Financial Services Inc.

The Meridian Group

Meriturn Partners, LLC

Michael Fox International Inc.

Midwest Business Capital

Miles & Stockbridge P.C.

Modesitt Associates, Inc.

The Nauset Group, Inc.

Northern Healthcare Capital, LLC

The Parkland Group, Inc.

Paul Hastings Janofsky & Walker LLP

Penn Hudson Financial Group, LLC

Phelps Consulting Group

Phoenix Advisors & Collections, Inc.

Phoenix Management Services, Inc.

Project Executive Group, Inc.

Protiviti

Quest Turnaround Advisors, LLC

Renaissance Partners, L.C.

Republic Financial Corporation

Rhone Group Advisors

RJ Reuter Business Consulting

Ro chelle, Hutcheson & McCullough, LLP

RSM McGladrey

Ruskin Moscou Faltischek, P.C.

SB Capital Group, LLC

Sherman, Lavallee & Associates, LLC

State Securities PLC (United Kingdom)

Sterling Supply Co.

Stout Risius Ross, Inc.

Strategic Management Partners, Inc.

Stutman, Treister & Glatt

Sullivan & Worcester LLP

TeamWork Technologies, Inc.

Tono-Bungay Consulting, Inc.

Treadstone Partners, LLC

Tucker Arensberg, P.C.

Windham Professionals, Inc.

Winternitz, Inc.

Wiss & Company, LLP

11

Reg

istration

Form

Online Registration: Register online at www.turnaround.org. Please note that pre-registration will only be accepted through Monday, January 12, 2009. On-site registration will open on Wednesday, January 21, 2009, at the Bellagio. Please also note on page 6 that all registrations received after January 12, 2009, are subject to a $50 surcharge.

Hotel Reservations: Contact the Bellagio at 888-987-8686 or 702-693-8117. Mention TMA to receive the reduced room rate of $239/night, single or double occupancy. This rate is only available through Friday, December 19, 2008. TMA cannot guarantee that the room rate or room block will not sell out before then. See page 7 for details.

Full name _____________________________________________________________________________

Goes by/Nickname (for badge) ____________________________________________________________

Company _____________________________________________________________________________

Address _______________________________________________________________________________

City, State, Zip _________________________________________________________________________

Phone/Fax ____________________________________________________________________________

E-mail _______________________________________________________________________________

Registration Fees Member $ 1,095

Nonmember $ 1,345

Full-time academic/Government employee $ 600

Advanced Case Study“American Color Graphics and Vertis: The First Dual Prepack Merger” $ 100January 22, 2009, 9:00 a.m - 12:00 p.m.

Payment Check enclosed (payable in U.S. funds to Turnaround Management Association)

Visa MasterCard American Express

Credit card number ________________________________________ Expiration date ___________

Name on credit card (please print) _________________________________________________________

Signature _____________________________________________________________________________

Total amount paid $ ___________

Special needs ¿r _____________________________________________________________________

______________________________________________________________________________________Mail or fax your completed registration form to: Turnaround Management AssociationAttn: Conferences150 South Wacker Drive, Suite 900Chicago, IL 60606Fax: 1-312-578-8336

TMA staff use only

Date Rec’d:

Batch #:

Amt. Pd:

Conf #:

Date Ent:

Batch Date:

Check #:

Conf. Sent:

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